Spring Statement 2025
The Chancellor Rachel Reeves has cut the welfare budget further and boosted defence spending in a Spring Statement aimed at kick-starting the faltering economy. Meanwhile, the OBR – the government’s financial watchdog – halved its growth forecast for this year to 1%.
Economic Review
Our latest Economic Review looking back on April includes – the UK economy returns to growth, inflation eases, strong rise in retail sales, jobs market continues to weaken and the markets at month end.